Scorpio Gold Co. (OTCMKTS:SRCRF – Get Free Report) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 71,507 shares, a drop of 75.9% from the July 30th total of 297,059 shares. Based on an average trading volume of 243,862 shares, the days-to-cover ratio is currently 0.3 days.
Scorpio Gold Trading Down 3.8%
Shares of SRCRF stock opened at $0.25 on Friday. The company’s fifty day moving average price is $0.20 and its two-hundred day moving average price is $0.26. Scorpio Gold has a 12 month low of $0.15 and a 12 month high of $0.47.
Scorpio Gold Company Profile
Scorpio Gold (OTCMKTS:SRCRF) is a mineral exploration and development company focused on identifying, acquiring and advancing gold resource properties in the western United States. The company undertakes geological mapping, surface sampling and drilling programs to delineate mineralization and assess the economic potential of its projects. Scorpio Gold is dedicated to moving its assets from the exploration stage toward resource definition and development through detailed technical and environmental studies.
The company’s principal assets include the Golden Monarch project near Winnemucca, Nevada, and several targets within the Red Hills mining district of Elko County.
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